Sterlite gets Rs 114 cr order from BSNL

Company will install and commission the system by the end of FY'13 and will manage this network for seven years thereafter

PTI | September 22, 2011



Sterlite Technologies, a provider of transmission solutions for the power and telecom industries on Wednesday said it has received Rs 114 crore contract from BSNL for establishment of a broadband network in the state-run company's telecom circles.

The company will install and commission the system by the end of FY'13 and will manage this network for seven years thereafter, Sterlite Technologies said in a filing to the Bombay Stock Exchange.

The system, once completed, would be capable of handling about 1.6 million broadband connections, the company said. This contract, valued at about Rs 114 crore, is the latest in a series of new orders worth about Rs 560 crore that Sterlite has bagged since July 1, 2011, the filing added.

"Sterlite has developed the capability to provide comprehensive solutions for the telecom and broadband sectors," Sterlite Technologies' Head, Systems Integration Business, Rahul Sharma, said.

Reacting to the news, shares of Sterlite Technologies were trading at Rs 41.80 apiece on the BSE, up 4.76 per cent from their previous close.  BSNL provides telecom services across India, barring the Delhi and Mumbai circles. As per TRAI data, till July 31, the total subscriber base of the company stood at 95.14 million.

Sterlite Technologies offers products that includes power conductors, optical fibres, telecommunication cables and comprehensive telecom systems.
 

Comments

 

Other News

Income Tax dept holds Ghatkopar Outreach on new IT Act

The Income Tax Department organised an outreach programme in Ghatkopar, Mumbai, to raise awareness about the key features of the Income Tax Act, 2025, effective April 1, 2026. The initiative is part of a nationwide effort to promote taxpayer awareness, simplify compliance, and strengthen a transparent, eff

Making AI work where governance is closest to people

India’s next governance leap may not solely come from digitisation. It will come from making public systems more intelligent, more adaptive, and more responsive to the dynamics at the grassroots. That opportunity is especially significant at the panchayat level, where governance is not an abstract po

Borrowing troubles: How small loans are quietly trapping youth

A silent crisis is playing out in the pocket of young India, not in stock markets or government treasuries, but in smartphones of college students and first-jobbers who clicked on the Apply Now button without reading the small print.  A decade ago, to take a loan, you had to do some paperwor

A 19th-century pilgrim’s progress

The Travels of a Sadhu in the Himalayas By Jaladhar Sen (Translated by Somdatta Mandal) Speaking Tiger Books, 259 pages, ₹499.00  

India faces critical shortage of skin donors amid rising burn cases

India reports nearly 70 lakh burn injury cases every year, resulting in approximately 1.4 lakh deaths annually. Experts estimate that up to 50% of these lives could be saved with adequate access to skin donations.   A significant concern is that around 70% of burn victims fall wi

Not just politics, let`s discuss policies too

Why public policy matters Most days, India`s loudest debates stop at the ballot box. We can name every major leader and recall every campaign slogan. Still, far fewer of us can explain why a widow`s pension is delayed or how a government school`s budget is actually approved. That


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter